The Constitution does not mandate that only gold and silver can be used as money. It only states that only gold and silver can be used by the government to pay its debts.
Up until 1913 Congress prevented inflation by controlling the amount of money in circulation. When the amount of money is greater than the amount of goods and services available value of the dollars in circulation decrease.
With the creation of the Federal Reserve and the advent of fractional reserve banking the amount of money in circulation continues to exceed the value of the goods and services available.
Today, we have a debt based monetary system where every dollar is borrowed into existence. It is the responsibility of Congress to issue our money and regulate the value thereof.
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